The reasons for the high price of peanut oil are manifold, both domestic and international factors. First of all, the reduction of planting area and weather factors. In addition, fertilizers, pesticides, agricultural film and labor and other prices rise, directly raise the cost of peanut planting, according to the survey, the cost per acre year-on-year increase of about 20% or so, coupled with rising transportation costs, pushing up the price of peanuts and peanut oil. This has led to a surge in purchase prices.

In addition, pork prices are contributing to the rise in peanut oil prices is another factor. Pork prices directly lead to the original 10 yuan per kilogram of lard, up to 16 yuan per kilogram now, making the original consumption of lard-based construction sites, factories and mining enterprises and other units, and turn to the consumption of soybean oil or salad oil-based, lard prices rose to boost the price of peanut oil.

"International crude oil, oilseeds, grain and other commodity prices rose sharply, pushing up domestic fats, oilseeds prices." National Bureau of Statistics Yantai survey team staff, in addition, the price of soybean oil at the same time last year is 5.8 yuan / kg, now up to 10.1 yuan / kg, soybean oil prices directly pull the peanut oil prices.